India’s outgoing cenbank chief stresses importance of restoring growth-inflation balance

MUMBAI (Reuters) – Restoring a balance between inflation and growth in India remains an important task for the Reserve Bank of India (NS:BOI), outgoing central bank governor Shaktikanta Das said ahead of his leaving office later on Tuesday.

India on Monday appointed career civil servant Sanjay Malhotra as the new central bank governor in a surprise move that leaves markets guessing about the future direction of monetary policy.

Financial markets had expected Das to be handed an unprecedented second extension.